Team Parker will anchor its efforts around the "buy one, donate one" model that has been successful for other social enterprises like New Zealand's "Eat My Lunch", of which Parker is an ambassador.
"Team Parker is focused on my career but I want to start focusing on giving back to the kids and the Islands," Parker told the Herald on Sunday.
"I'm excited because there's a lot of potential and talent in the Islands, which, if it has the right equipment or push to get excited about getting involved, I think we'll see a lot more talent from that side of the world get better and progress on to the world stage.
"It's not only for those who want to be professional athletes," he added.
"It's about getting involved and getting the body working and moving. Everyone needs to do some sort of activity to stay healthy and it's about making it part of your lifestyle.
"Many from the Islands have done well by just making do and credit to them. I remember going back to Samoa and playing volleyball and the ball popped. We were searching around for another one but we couldn't find one and everyone had to go home.
"I've seen it before — sometimes the kids use a shoe for a rugby ball, sometimes they use rolled up socks.
"It sounds simple but if you have something you love playing with it makes it more fun and it makes a difference to your approach if you're serious and want to train properly.
"We want to start with Samoa initially because it's a place I love and know and we can test the initiative there first. Once we cover the schools and villages, we can move on to Tonga, Niue, Fiji."
The initiative will be overseen by Parker's accountants, PricewaterhouseCoopers, who will provide verification every six months that the equipment is being provided as promised.
Parker, meanwhile, said he was in excellent condition as he trains for his comeback fight following the loss of his WBO world heavyweight title to Anthony Joshua in Cardiff in April.
Englishman Whyte will provide a hard-hitting and aggressive opponent and Parker is preparing accordingly.
"When I finished the last fight and went into holiday mode, I actually came back to Las Vegas at a really good weight — I came back at 110kg-111kg," he said. "When the camp started I actually put on weight. I'm sitting around 113kg because I'm doing a lot of conditioning and putting on muscle."